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Tags: israel | mossad | spy | tech
Mossad Launches Fund to Invest in Firms Developing Spy Tech

Mossad Launches Fund to Invest in Firms Developing Spy Tech

Tuesday, 27 June 2017 03:38 PM

JERUSALEM (AP) — Israel's Mossad is launching an investment fund for start-ups developing "groundbreaking" technologies that could be used by the spy agency.

The fund, named Libertad, will invest in companies innovating "cutting-edge technology," such as robotics, energy harvesting, encryption, personality profiling and text analysis. A promotional video published by the Mossad shows an agent employing a face-recognition contact lens to identify her targets.

Libertad's website says that it offers up to $568,000 "in equity-free capital for R&D of relevant, viable and groundbreaking projects."

Israel's Prime Minister's Office says in a statement announcing the fund's creation that in exchange for funding start-ups, "the Mossad will receive a license to use the technology developed, without imposing any restrictions on the IP developed, and without paying royalties."

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


MiddleEast
Israel's Mossad is launching an investment fund for start-ups developing "groundbreaking" technologies that could be used by the spy agency.The fund, named Libertad, will invest in companies innovating "cutting-edge technology," such as robotics, energy harvesting,...
israel, mossad, spy, tech
124
2017-38-27
Tuesday, 27 June 2017 03:38 PM
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